BUSINESS OPERATIONS AND VALUE CREATION
SUSTAINABILITY REPORT
FINANCIAL DEVELOPMENT
GOVERNANCE
■ 4.6 Other liabilities
Case-specific impairments and impairments determined by applying the model based on expected credit losses deducted from accounts receivable are as follows:
EUR million
2022
2021
Non-current liabilities to Group companies
EUR million
2022
2021
Value 1 Jan
2.5 0.6 -1.9
3.0 0.0
Non-current liabilities Advance payments received Accruals and deferred income
Increase Decrease
1.1
1.1
-0.5
0.5 1.5
0.5 1.5
Value 31 Dec
1.2
2.5
Total
Credit losses recognised during 2022 were EUR 0.2 million (0.0).
■ 4.7 Accounts payable and other liabilities
Age distribution of accounts receivable less impairments
EUR million
2022
2021
Advance payments received
5.1
4.0
Accounts payable
223.0
222.2
EUR million Not overdue
2022 251.2
2021
Accounts payable, Supply Chain Finance schemes
91.0 28.1
76.3 12.9
236.3
Other liabilities
Overdue
Accruals and deferred income Customer discounts
Less than 30 days
17.3
8.0
23.2 46.3 31.7 34.2
26.3 50.2 32.7 43.0 467.5
Between 31 and 60 days Between 61 and 90 days Between 91 and 180 days
2.1
-0.2 0.0 -0.4 -0.3
Purchase-related items
-0.3
Employee costs
Other accrued expenses
Over 180 days
1.0
Total
482.7
Total
271.4
243.3
With financing banks, Metsä Group has established Supply Chain Finance (SCF) schemes aimed at a few key suppliers. In the schemes, the suppliers are offered the option of selling their Metsä Group receivables to a bank providing the SCF scheme. The SCF schemes partly replace the earlier advance payment arrangements, and their aim is not to cause a significant deviation from Metsä Group’s normal payment terms.
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